Cambridge University Press (2015)
AbstractIn this topical book, Boudewijn de Bruin examines the ethical 'blind spots' that lay at the heart of the global financial crisis. He argues that the most important moral problem in finance is not the 'greed is good' culture, but rather the epistemic shortcomings of bankers, clients, rating agencies and regulators. Drawing on insights from economics, psychology and philosophy, de Bruin develops a novel theory of epistemic virtue and applies it to racist and sexist lending practices, subprime mortgages, CEO hubris, the Madoff scandal, professionalism in accountancy and regulatory outsourcing of epistemic responsibility. With its multidisciplinary reach, Ethics and the Global Financial Crisis will appeal to scholars working in philosophy, business ethics, economics, psychology and the sociology of finance. The many concrete examples and case studies mean that this book will also prove useful to policy-makers and regulators.
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Citations of this work
Black-Box Artificial Intelligence: An Epistemological and Critical Analysis.Manuel Carabantes - 2020 - AI and Society 35 (2):309-317.
Epistemic Vices in Organizations: Knowledge, Truth, and Unethical Conduct.Christopher Baird & Thomas S. Calvard - 2019 - Journal of Business Ethics 160 (1):263-276.
Professional Ethics in Banking and the Logic of “Integrated Situations”: Aligning Responsibilities, Recognition, and Incentives.Lisa Herzog - 2019 - Journal of Business Ethics 156 (2):531-543.
Philosophy of Money and Finance.Boudewijn De Bruin, Lisa Maria Herzog, Martin O'Neill & Joakim Sandberg - 2018 - In Edward Zalta (ed.), Stanford Encyclopedia of Philosophy. Palo Alto: Metaphysics Research Lab, Stanford University.
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